Insurance companies are in the business of making money, and they often have strategies in place to minimize payouts. As a policyholder, it’s crucial to understand your rights and be aware of the tactics insurers may use. At Asher Hoffman Law, we’re committed to empowering our clients with the knowledge they need to navigate the insurance landscape confidently. In this article, we’ll reveal some of the critical things your insurance company may not want you to know.
Quick Settlement Offers May Not Be in Your Best Interest
Insurance companies often try to settle claims quickly, offering a seemingly attractive payout to close the case. However, these initial offers may not adequately cover your losses, medical bills, or future expenses. It’s essential to consult with an experienced attorney before accepting any settlement.
Recorded Statements Can Be Used Against You
Insurers may request a recorded statement from you about the accident, claiming it’s a routine part of the process. While it may seem harmless, these statements can be used against you to minimize or deny your claim. Always consult with your attorney before providing a recorded statement.
The ‘Independent’ Medical Exam May Not Be So Independent
Insurance companies may require an Independent Medical Exam (IME) to assess your injuries. However, the doctors conducting the IME are often hired by the insurance company, which can lead to a biased evaluation. Make sure to consult with your attorney and seek a second opinion from a trusted medical professional.
Your Policy May Contain Hidden Coverage
Insurance policies can be complex and filled with legal jargon. However, they may contain valuable hidden coverages that your insurance company is not eager to disclose. Be sure to review your policy carefully and consult with an attorney to ensure you understand your coverage fully.
Summary:
- Insurance companies may offer quick settlements that don’t adequately cover your losses.
- Recorded statements can be used against you, so consult with an attorney before providing one.
- Independent Medical Exams may be biased, so seek a second opinion from a trusted medical professional.
- Review your policy for hidden coverages and consult with an attorney to understand your rights.
Conclusion:
At Asher Hoffman Law, our primary goal is to protect your rights and help you secure the compensation you deserve. By understanding the tactics insurance companies may use, you can make informed decisions throughout the claims process. If you’ve been involved in an accident and need guidance navigating the complex world of insurance claims, contact our experienced team today for a free consultation. We’re here to help you every step of the way. Contact us today for free consultation.